Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced here Saturday that Egypt’s inflation rate grew to 7% in the 12 months to October 2012, mainly due to lower prices in the same quarter a year earlier, thus marking a significant rise on September’s rate. According the official data CAPMAS showed here today,weak economy has cut Egypt urban inflation to 6.2% Egypt annual inflation holds steady around 6.4%,while local prices rose 6.2% cent in the 12 months to September. The increase in natural gas and butane prices were the main driver behind the rise in inflation, increasing 57.8% in October 2012 over September 2012, and a whopping 175% over October 2011. On an annual basis, vegetables saw the second largest increase in prices, growing 18.5% in the year to Oct. 2012. Figures from state statistics agency, CAPMAS, showed Egypt’s food inflation at an annual 8.2% rate in October, down from 9.1% the month before, reflecting an easing in global food prices. The drop is due to a monthly decline in vegetable prices by 8.4%.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor